New Risk • Jun 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr930.8m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (80% net debt to equity). Market cap is less than US$100m (kr930.8m market cap, or US$98.6m). Reported Earnings • May 02
First quarter 2026 earnings released: kr0.18 loss per share (vs kr0.18 loss in 1Q 2025) First quarter 2026 results: kr0.18 loss per share (improved from kr0.18 loss in 1Q 2025). Revenue: kr1.42b (down 42% from 1Q 2025). Net loss: kr72.0m (loss narrowed 42% from 1Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Nobia AB (publ) Approves Election to Its Board and Nomination Committee Nobia AB (publ) at its AGM held on 29 April 2026 approved and elected Katarina Lindström as a new member of the Board of Directors. Jimmy Renström was elected as Chairman of the Board of Directors. The Annual General Meeting appointed Peter Hofvenstam (representing Nordstjernan), Ricard Wennerklint (representing If Skadeförsäkring), Lovisa Runge (representing the Fourth Swedish National Pension Fund) and Erik Durhan (representing Lannebo Kapitalförvaltning), as members of the Nomination Committee for the period until the end of the 2027 Annual General Meeting. The Annual General Meeting appointed Peter Hofvenstam as Chairman of the Nomination Committee. Major Estimate Revision • Apr 17
Consensus EPS estimates fall by 50% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -kr0.01 to -kr0.015 per share. Revenue forecast unchanged at kr5.69b. Consumer Durables industry in Sweden expected to see average net income growth of 16% next year. Consensus price target down from kr2.95 to kr2.60. Share price rose 3.8% to kr1.90 over the past week. Announcement • Mar 23
Nobia AB Announces Board Changes Nobia AB announced that the Tony Buffin and Carsten Rasmussen have declined re-election and will therefore step down from the Board. New Risk • Mar 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 125% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (125% increase in shares outstanding). Major Estimate Revision • Mar 19
Consensus EPS estimates fall from profit to kr0.01 loss The consensus outlook for fiscal year 2026 has been updated. Expected to report loss instead of -kr0.01 instead of kr0.00 per share profit previously forecast. Revenue forecast unchanged at kr5.65b Consumer Durables industry in Sweden expected to see average net income growth of 17% next year. Consensus price target down from kr3.90 to kr2.95. Share price fell 6.2% to kr2.07 over the past week. Price Target Changed • Mar 18
Price target decreased by 26% to kr2.95 Down from kr4.00, the current price target is an average from 2 analysts. New target price is 36% above last closing price of kr2.16. Stock is down 46% over the past year. The company is forecast to post a net loss per share of kr0.01 next year compared to a net loss per share of kr0.95 last year. Announcement • Mar 03
Alteri Partners LLP completed the acquisition of UK operations from Nobia AB (publ) (OM:NOBI). Alteri Partners LLP entered into an agreement to acquire UK operations from Nobia AB (publ) (OM:NOBI) on January 14, 2026. The transaction includes all Nobia UK legal entities including the brands Magnet, Gower, Commodore and CIE. At the time of closing, no purchase price will be due. As part of the share transaction, Alteri Partners LLP assumes, besides the net assets, the obligations related to the leased retail network amounting to a gross liability of SEK 746 million according to IFRS16. The transaction may result in a consideration related to Alteri Partners LLP's future performance and successful turnaround related to the UK operations. Nobia will retain the defined benefit pension plan reported in the UK which is recognized at a net asset value of SEK 80 million.
For the period ending September 30, 2025, UK operations of Nobia AB reported total revenue of SEK 4.36 billion and operating loss of SEK 108 million. The transaction is expected to be completed during the first half of 2026 and is subject to customary regulatory approvals and closing conditions.
Ashley Katz, James Renahan, Neil Caddy, Gregg Beechey, Roger Schofield, Tobias Caspary, Richard Pilgrim, James Frecknall, and Alexander Goldsmith of Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisors to Alteri Partners LLP. Handelsbanken acts as financial advisor to Nobia.
Alteri Partners LLP completed the acquisition of UK operations from Nobia AB (publ) (OM:NOBI) on March 2, 2026. New Risk • Feb 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Buy Or Sell Opportunity • Feb 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to kr2.60. The fair value is estimated to be kr3.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has declined by 12%. Reported Earnings • Feb 06
Full year 2025 earnings released: kr0.94 loss per share (vs kr2.19 loss in FY 2024) Full year 2025 results: kr0.94 loss per share (improved from kr2.19 loss in FY 2024). Revenue: kr5.62b (down 47% from FY 2024). Net loss: kr636.0m (loss narrowed 47% from FY 2024). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Jan 18
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr9.81b to kr9.33b. Losses expected to increase from kr3.22 per share to kr3.83. Consumer Durables industry in Sweden expected to see average net income growth of 82% next year. Consensus price target of kr4.00 unchanged from last update. Share price fell 27% to kr3.60 over the past week. Price Target Changed • Jan 16
Price target decreased by 25% to kr4.00 Down from kr5.35, the current price target is provided by 1 analyst. New target price is 11% above last closing price of kr3.60. Stock is down 3.3% over the past year. The company is forecast to post a net loss per share of kr3.83 next year compared to a net loss per share of kr2.19 last year. New Risk • Jan 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (128% net debt to equity). Share price has been volatile over the past 3 months (9.7% average weekly change). Announcement • Jan 14
Nobia AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 1.5 billion. Nobia AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 1.5 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Rights Offering Announcement • Dec 16
Nobia AB (publ), Annual General Meeting, Apr 29, 2026 Nobia AB (publ), Annual General Meeting, Apr 29, 2026. Location: stockholm Sweden Reported Earnings • Nov 05
Third quarter 2025 earnings released: kr2.85 loss per share (vs kr0.12 loss in 3Q 2024) Third quarter 2025 results: kr2.85 loss per share (further deteriorated from kr0.12 loss in 3Q 2024). Revenue: kr2.31b (down 6.9% from 3Q 2024). Net loss: kr1.91b (loss widened kr1.83b from 3Q 2024). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 44% per year and the company’s share price has also fallen by 44% per year. Major Estimate Revision • Oct 29
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -kr0.29 to -kr0.326 per share. Revenue forecast unchanged at kr9.97b. Consumer Durables industry in Sweden expected to see average net income growth of 122% next year. Consensus price target down from kr5.55 to kr5.35. Share price rose 6.9% to kr4.56 over the past week. Announcement • Oct 28
Nobia Announces Executive Changes Nobia announced that Sophie Rose has been appointed Head of Region UK. She will succeed George Dymond, who is leaving Nobia at his own request. Sophie will play a key role in the ongoing transition of Nobia UK into an asset-light model. She joined Nobia in 2023 and has demonstrated strong leadership, driving positive change in the UK business. Sophie has been a key contributor to Nobia and the UK management team. She is well-suited to carry out the ongoing transformation and to continue developing the UK business. Announcement • Sep 04
Nobia Announces the Appointment of Robert Belkic as Interim CFO, Effective from October 1, 2025 Nobia announced the appointment of Robert Belkic as Interim CFO, effective from October 1st. He succeeds Henrik Skogsfors, who earlier this year announced his decision to leave the company. Henrik will remain available to support a smooth transition. Robert brings more than 20 years of senior leadership experience, including CFO roles and board assignments in international companies. He spent a decade as CFO at the global technology company Hexagon, and prior to that held senior finance positions at several large Swedish corporations. Robert will be part of Nobia's Executive Leadership Team and will be based at the company's headquarters in Stockholm. Price Target Changed • Aug 19
Price target increased by 16% to kr5.68 Up from kr4.88, the current price target is an average from 2 analysts. New target price is 17% above last closing price of kr4.85. Stock is down 7.1% over the past year. The company is forecast to post a net loss per share of kr0.28 next year compared to a net loss per share of kr2.19 last year. Reported Earnings • Jul 21
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: kr0.15 loss per share (improved from kr0.31 loss in 2Q 2024). Revenue: kr2.70b (down 8.1% from 2Q 2024). Net loss: kr103.0m (loss narrowed 51% from 2Q 2024). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 87%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 46% per year, which means it has not declined as severely as earnings. Announcement • Jul 18
Nobia AB (publ) to Report Fiscal Year 2025 Results on Feb 05, 2026 Nobia AB (publ) announced that they will report fiscal year 2025 results on Feb 05, 2026 Price Target Changed • Jul 09
Price target decreased by 8.9% to kr4.88 Down from kr5.35, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr4.88. Stock is up 13% over the past year. The company is forecast to post a net loss per share of kr0.12 next year compared to a net loss per share of kr2.19 last year. Announcement • Apr 09
Nobia AB (publ) Relocates Finnish Production to Denmark Nobia AB (publ) has, following customary negotiations with the local union, decided to transfer the production of its Novart kitchen range for the Finnish market from Nastola, Finland, to Nobia’s manufacturing facility in Ølgod, Denmark, and consequently close the factory in Nastola. The transfer will involve a one-time cost of approximately €6 million, of which €1 million is non-cash, which will be recognized in Nobia’s second-quarter 2025 results. The transfer to Ølgod is expected to be completed during 2025 and generate annual efficiencies of approximately €4 million. Reported Earnings • Apr 08
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: kr2.19 loss per share. Revenue: kr10.5b (down 9.7% from FY 2023). Net loss: kr1.20b (loss widened 163% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 112%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Durables industry in Sweden. Board Change • Apr 07
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman of the Board Tony Buffin was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 25
Nobia AB (Publ) Announces Resignation of Henrik Skogsfors as CFO Nobia AB (publ) announced that Henrik Skogsfors has announced his intention to resign from Nobia. Henrik will continue to serve as CFO until the interim report for the third quarter is released on November 4th, or until a successor is in place. Announcement • Mar 24
Nobia AB (Publ) Announces Board Declines Re-Election Nobia AB (publ) announced that Nora Larssen has declined re-election. Tony Buffin is proposed for re-election as Chair of the Board. Reported Earnings • Feb 04
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: kr2.46 loss per share (further deteriorated from kr2.06 loss in FY 2023). Revenue: kr10.5b (down 21% from FY 2023). Net loss: kr1.20b (loss widened 244% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 112%. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jan 31
Consensus EPS estimates upgraded to kr1.16 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -kr1.41 to -kr1.16 per share. Revenue forecast steady at kr10.5b. Consumer Durables industry in Sweden expected to see average net income growth of 73% next year. Consensus price target down from kr5.75 to kr5.50. Share price rose 8.1% to kr4.07 over the past week. Announcement • Dec 14
Nobia AB (publ), Annual General Meeting, Apr 29, 2025 Nobia AB (publ), Annual General Meeting, Apr 29, 2025. Price Target Changed • Nov 17
Price target decreased by 30% to kr5.75 Down from kr8.25, the current price target is an average from 2 analysts. New target price is 55% above last closing price of kr3.70. Stock is down 59% over the past year. The company is forecast to post a net loss per share of kr1.41 next year compared to a net loss per share of kr2.06 last year. Major Estimate Revision • Nov 12
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr11.7b to kr10.5b. Forecast losses increased from -kr1.34 to -kr1.38 per share. Consumer Durables industry in Sweden expected to see average net income growth of 19% next year. Consensus price target of kr8.25 unchanged from last update. Share price fell 18% to kr4.23 over the past week. Announcement • Nov 07
Nobia AB (publ) to Report Fiscal Year 2024 Results on Feb 04, 2025 Nobia AB (publ) announced that they will report fiscal year 2024 results on Feb 04, 2025 Reported Earnings • Nov 06
Third quarter 2024 earnings released: kr0.12 loss per share (vs kr0.24 profit in 3Q 2023) Third quarter 2024 results: kr0.12 loss per share (down from kr0.24 profit in 3Q 2023). Revenue: kr2.48b (down 20% from 3Q 2023). Net loss: kr83.0m (down 308% from profit in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Price Target Changed • Sep 27
Price target increased by 21% to kr8.50 Up from kr7.00, the current price target is an average from 2 analysts. New target price is 58% above last closing price of kr5.39. Stock is down 34% over the past year. The company is forecast to post a net loss per share of kr1.34 next year compared to a net loss per share of kr2.06 last year. Major Estimate Revision • Jul 02
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -kr1.23 to -kr1.49 per share. Revenue forecast unchanged at kr10.5b. Consumer Durables industry in Sweden expected to see average net income growth of 19% next year. Consensus price target of kr7.37 unchanged from last update. Share price rose 3.6% to kr4.47 over the past week. Announcement • May 15
Nobia AB (publ) Announces Nomination Committee Elections Nobia AB (publ) at the AGM held on 14 May 2024, appointed Peter Hofvenstam (representing Nordstjernan), Ricard Wennerklint (representing If Skadeförsäkring) and Lovisa Runge (representing the Fourth Swedish National Pension Fund), as members of the Nomination Committee for the period until the end of the 2025 Annual General Meeting. The Annual General Meeting appointed Peter Hofvenstam as Chairman of the Nomination Committee. Announcement • Apr 03
Nobia AB (Publ) Announces Closure of the Halifax Manufacturing Site Nobia AB (publ) has unveiled plans to further consolidate its manufacturing operations in the UK as part of its ongoing UK transformation strategy. The company will be relocating its current manufacturing facility in Halifax to the Darlington manufacturing site, with the building in Halifax set to be repurposed as a storage facility. The closure of the Halifax manufacturing site is expected to incur a total cost of approximately 4.7 MGBP, of which 2.2 MGBP is non-cash. The cost will be included in Nobia's second quarter results as items affecting comparability. Approximately 60 full-time equivalent employees in Halifax will be affected by the consolidation. Nobia is committed to supporting impacted team members and exploring alternative employment opportunities wherever feasible. Reported Earnings • Apr 02
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: kr2.06 loss per share (further deteriorated from kr0.012 loss in FY 2022). Revenue: kr13.4b (down 10% from FY 2022). Net loss: kr347.0m (loss widened kr345.0m from FY 2022). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is expected to fall by 3.9% p.a. on average during the next 3 years compared to a 1.6% decline forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Mar 29
Consensus EPS estimates upgraded to kr0.14 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -kr0.282 to -kr0.142 per share. Revenue forecast unchanged from kr11.9b at last update. Consumer Durables industry in Sweden expected to see average net income growth of 30% next year. Consensus price target down from kr8.50 to kr6.29. Share price fell 52% to kr4.40 over the past week. New Risk • Mar 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (20% average weekly change). Minor Risk Market cap is less than US$100m (kr730.6m market cap, or US$68.8m). Announcement • Mar 27
Nobia AB Announces Jan Svensson and David Haydon Step Down from Board Nobia AB at its 2024 Annual General Meeting, announced Jan Svensson and David Haydon will step down from the Board. Recent Insider Transactions • Mar 10
Group Chief Financial Officer recently bought kr157k worth of stock On the 7th of March, Henrik Skogsfors bought around 22k shares on-market at roughly kr7.23 per share. This transaction increased Henrik's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Henrik's only on-market trade for the last 12 months. Announcement • Mar 08
Nobia AB (Publ) Announces Executive Changes Nobia AB (publ) announced that George Dymond has been appointed EVP and Head of Region UK. He will succeed Kristoffer Ljungfelt, who recently was appointed to assume the position as president and CEO of Nobia. George will become member of Nobia's Group management team, and assumes his new role latest by July 1, 2024. He joined Nobia in 2023 and has over two decades of experience from senior leadership roles in the retail industry across the UK, Australia, and the US. George has been instrumental in driving a positive change in the UK business and is a key contributor to the UK management team. He has a track record of successful turnarounds, great leadership abilities and is well equipped to continue to drive the transformation and further develop the UK business. Announcement • Feb 22
Nobia AB (publ) has filed a Follow-on Equity Offering. Nobia AB (publ) has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Transaction Features: Rights Offering New Risk • Feb 22
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Feb 22
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: kr2.07 loss per share (further deteriorated from kr0.012 loss in FY 2022). Revenue: kr13.4b (down 10% from FY 2022). Net loss: kr347.0m (loss widened kr345.0m from FY 2022). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is expected to fall by 3.9% p.a. on average during the next 3 years compared to a 1.2% decline forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Announcement • Feb 19
Industrieliegenschaftenverwaltung Aktiengesellschaft., Franz Mayr-Melnhof-Saurau and management of ewe entered into agreement to acquire ewe Küchen Gesellschaft m.b.H. for €26.5 million. Industrieliegenschaftenverwaltung Aktiengesellschaft., Franz Mayr-Melnhof-Saurau and management of ewe entered into agreement to acquire ewe Küchen Gesellschaft m.b.H. for €26.5 million on February 12, 2024. The consideration consists of €24 million in cash, €2.5 million in two earnout payments based on ewe’s performance in 2024 and 2025 and net of cash acquired of €2.4 million. The transaction is subject to customary regulatory approvals by authorities and closing procedures and is expected to be completed during March 2024. Price Target Changed • Feb 15
Price target increased by 8.1% to kr10.00 Up from kr9.25, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr10.44. Stock is down 44% over the past year. The company is forecast to post a net loss per share of kr1.40 next year compared to a net loss per share of kr0.012 last year. Major Estimate Revision • Feb 15
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -kr1.17 to -kr1.40 per share. Revenue forecast unchanged at kr13.6b. Consumer Durables industry in Sweden expected to see average net income growth of 39% next year. Consensus price target of kr10.00 unchanged from last update. Share price rose 10% to kr10.74 over the past week. Price Target Changed • Nov 21
Price target decreased by 9.8% to kr9.25 Down from kr10.25, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr9.00. Stock is down 61% over the past year. The company is forecast to post a net loss per share of kr1.17 next year compared to a net loss per share of kr0.012 last year. Reported Earnings • Nov 05
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: kr0.24 (up from kr0.11 in 3Q 2022). Revenue: kr3.10b (down 11% from 3Q 2022). Net income: kr40.0m (up 111% from 3Q 2022). Profit margin: 1.3% (up from 0.5% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to fall by 1.8% p.a. on average during the next 3 years compared to a 4.4% decline forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 21 percentage points per year, which is a significant difference in performance. Announcement • Nov 03
Nobia AB (publ) to Report Fiscal Year 2023 Results on Feb 24, 2024 Nobia AB (publ) announced that they will report fiscal year 2023 results on Feb 24, 2024 Major Estimate Revision • Oct 26
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -kr1.13 to -kr1.25 per share. Revenue forecast unchanged at kr13.9b. Consumer Durables industry in Sweden expected to see average net income growth of 7.0% next year. Consensus price target of kr10.25 unchanged from last update. Share price was steady at kr8.26 over the past week. Buying Opportunity • Sep 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 41%. The fair value is estimated to be kr9.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jul 23
Nobia AB (Publ) Appoints Henrik Skogsfors as Group Chief Financial Officer Nobia AB (publ) announced Henrik Skogsfors has been appointed Group Chief Financial Officer (CFO) as of July 20. Henrik has been serving as Acting CFO for the past half-year and Head of Group Business Control, Accounting and Treasury since 2019. Price Target Changed • Jul 21
Price target decreased by 34% to kr13.50 Down from kr20.50, the current price target is an average from 2 analysts. New target price is 27% above last closing price of kr10.62. Stock is down 64% over the past year. The company is forecast to post a net loss per share of kr1.34 next year compared to a net loss per share of kr0.012 last year. Reported Earnings • Jul 20
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: kr0.10 (down from kr0.10 in 2Q 2022). Revenue: kr3.56b (down 8.4% from 2Q 2022). Net income: kr1.00m (down 94% from 2Q 2022). Profit margin: 0% (down from 0.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 96%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jul 14
Consensus EPS estimates fall by 181% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -kr0.23 to -kr0.647 per share. Revenue forecast unchanged at kr14.0b. Consumer Durables industry in Sweden expected to see average net income growth of 2.1% next year. Consensus price target of kr19.50 unchanged from last update. Share price was steady at kr13.21 over the past week. Major Estimate Revision • Jul 07
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -kr0.564 to -kr0.66 per share. Revenue forecast unchanged at kr13.9b. Consumer Durables industry in Sweden expected to see average net income growth of 2.9% next year. Consensus price target down from kr20.50 to kr19.50. Share price fell 5.2% to kr12.97 over the past week. Price Target Changed • May 03
Price target decreased by 11% to kr20.50 Down from kr23.00, the current price target is an average from 2 analysts. New target price is 39% above last closing price of kr14.75. Stock is down 62% over the past year. The company is forecast to post a net loss per share of kr0.56 next year compared to a net loss per share of kr0.012 last year. Board Change • Apr 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Tony Buffin was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 09
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: kr0.012 loss per share (down from kr4.19 profit in FY 2021). Revenue: kr14.9b (up 8.8% from FY 2021). Net loss: kr2.00m (down 100% from profit in FY 2021). Profit margin: 0% (down from 5.1% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 1.7% decline forecast for the Consumer Durables industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 23% per year.